HYDERABAD: The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, introduced in the Rajya Sabha on July 28, has been presented as a landmark step toward modernizing India's MSME framework. The Bill is silent on the two issues MSME surveys raise most consistently: affordable finance and technology upgradation. India's MSME policy problem has rarely been a shortage of legal instruments - it has been the persistent gap between an order on paper and money reaching a supplier's account. Roughly 97 per cent of India's MSMEs operate as proprietorships or partnerships, not companies, yet the country's insolvency framework remains built for corporate entities. The 2026 Bill deserves credit for what it fixes, and legislators across party lines should say so plainly.